Tuesday, 4 March 2014

Wind turbines stand firm as gas prices take off during Crimea crisis http://www.energy-broker.co.uk/wind-turbines-stand-firm-as-gas-prices-take-off-during-crimea-crisis/

As the price of gas jumps 10% on the spot market in reaction to the Russian military manoeuvres in Crimea, it is time to hug your local wind turbine.

Windfarms get a regular bashing for apparently costing too much to operate, but no one puts a proper price on carbon pollution – or national security.

Until Russian president Vladimir Putin gets control of the wind, turbines are safe to turn regardless of the political climate.

British shale gas frackers may also obtain a mini-boost for their endeavours along the same self-sufficiency lines. It comes as no surprise that Ukraine is a centre of shale exploration as local leaders saw it as a potential alternative to Russian gas.

Meanwhile, if you see the chief executive of BP, Robert Dudley, give him a hug too. He probably needs it, having last year consummated a deal with Russian state-owned Rosneft.